Stocks Edge Higher

Stocks edge higher, Nifty closed at 17956.60

Today, NSE Nifty 50 started at red and was up by 0.55 percent and closed in green. Nifty above 17950.

Overall, it was a positive day for the Nifty 50 as it closed in green. The market sentiment was positive.

The Bank Nifty also opened in red and was up by 0.69 percent closed in green at 42371.25. Similarly, the BSE Sensex was up by 0.51 percent and closed in green at a high of 60261.18.

Equity markets staged a firm turnaround intraday to close Friday’s session with tiny gains powered by selected large index such as Infosys, ICICI Bank, TCS and HUL, which gained over 1 per cent each.

Other battleground stocks that supported the recovery included Tata Steel, IndusInd Bank, Ultratech Cement, Bajaj Finance, NTPC, Airtel, Adani Enterprises, Eicher Motors and BPCL, which gained 1-2 per cent

Today, the advance-decline ratio was 1.36, and the market breadth was positive. The volatility index India Vix decreased by 5.33 percent to settle at 14.46 and the FIIs were net sellers today.

The advance-decline ratio of 1.36 indicates that the number of stocks that advanced was greater than the number of stocks that declined. This is a positive sign for the market, as it suggests that more stocks are increasing in value than decreasing. The positive market breadth indicates that the majority of stocks traded today were up, which is another positive sign for the market. The decrease in the volatility index India Vix suggests that the market is becoming less volatile, which is a good sign.

DAILY MARKET ACTION
Advancers – 1278
Decliners – 939
52Wk High –  34
52Wk Low – 37
High Band Hitters – 73
Low Band Hitters – 25
200d SMA – 17273
50d SMA – 18296
20d SMA – 18078

Top Gainers and Losers

The top gainers were Adani Enterprises (+2.00%), IndusInd Bank (+1.99%), Eicher Motors (+1.99%), Tata Steel (+1.91%), and Infosys (+1.58%).

The top losers were Titan (-1.09%), SBI Life (-0.66%), Apollo Hospitals (-0.48%), Nestle India (-0.46%), and LT (-0.45%).

Sectors & Broader Indices

The top gainers sector were Metal (+1.27%), IT (+0.74%), Media (+0.60%), Financial Services (+0.57%), and Auto (+0.49%).

The top losers sector were Consumer Durables (-1.03%), FMCG (-0.02%), and Pharma (-0.02%).

The Nifty Midcap 50 was down by 0.02 percent, while the Nifty Small Cap 50 up by 0.32 percent on the day.

The Nifty Midcap 50 index currently closed at 8,747.40, while the Nifty Small Cap 50 index currently closed at 4,341.00.

SECTORS – NOTABLE ACTION
CONSUMER DURABLES -1.03%
FMCG -0.02%
PHARMA -0.02%
METAL +1.27%
IT +0.74%
MEDIA +0.60%

Securities and Exchange Board of India F&O ban list GNFC and IBULHSGFIN are not currently on the stock exchange. GNFC open at 575.85 and close at 573.85, while IBULHSGFIN open at 140.20 and close at 138.70.

Daily Pivots

The Nifty trading range is 17810 to 18060.

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This article is only for educational purposes and is not an investment advice.